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This video explains how to prepare the revaluation account and solves a practical question involving revaluation of assets and liabilities on the admission of a new partner. Earlier videos on Admission of a Partner can be watched from the links below: https://www.youtube.com/watch?v=ezyce6aVz2k&t=68s https://www.youtube.com/watch?v=T5IzyTz-oJQ
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